New Kentucky sports betting bill excludes poker and DFS
![Kentucky gambling news](https://bettingplanet.com/wp-content/plugins/lazy-load/images/1x1.trans.gif)
By: Mercy Dayil
- February 23, 2023
- LikeUnlikeLike
- 424 Views
Kentucky state representative Michael Meredith has proposed a bill to legalize sports betting – the fifth occasion such a law change has been proposed.
According to Meredith, HB551 will see Kentucky sportsbooks operate through racetracks in the state. He added that the reason other gambling bills have been rejected was because of their inclusion of online poker and fantasy sports, which is why this proposal is tailored towards sports betting alone.
HB551 proposes three skins for the state’s horse tracks, giving room for up to 27 operators in the state. Approved operators will have to pay $50,000 for their licenses and $10,000 for annual renewals, while the tracks will pay a $500,000 license fee and $50,000 for annual renewals.
On taxation, operators will remit 14.25% for online adjusted gross revenue (AGR) and 9.75% for retail AGR. The bill, however, permits them to remove 0.25% in federal excise tax out of their AGR.
Also, the bill names the Kentucky Horse Racing Commission (KHRC) as the industry regulator and licensing body, while establishing “a fully functioning sports wagering system” six months after the bill becomes law.
Apart from the removal of online poker and fantasy sports, HB551 retains wording from former bills of similar nature.
You may also like
Join the Betting Planet team!
Are you passionate about sports betting? Sports news writers required TODAY!
Experienced preferred but not essential. (All apps considered).
View Careers at Race Media![Betting Planet](https://bettingplanet.com/wp-content/smush-webp/2022/03/bp-white.png.webp)
![Race Media](https://bettingplanet.com/wp-content/smush-webp/2022/03/rm-text.png.webp)
Top Online Casinos
Latest Betting News
- Olympics Day 2 betting picks & predictions | Sunday, July 28
- UFC 304 main card preview, betting picks & predictions | July 28
- Nadal, Djokovic set to clash in Olympics tennis second round
- Dana White ups the stakes ahead of Aspinall vs Blaydes at UFC 304
- Paris Olympics 2024: What’s on today – Preliminary Day 2
- Olympics 2024 Day 1 betting picks & predictions | July 27
- Aspinall v Blaydes UFC 304 picks, odds & predictions | July 28
- Pimblett to fight at UFC 304 despite mental health concerns
- Jannik Sinner withdraws from tennis at Olympic Games
- F1 Belgian Grand Prix 2024 race preview & free betting picks
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Top online casinos 2024
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2024
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2024
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe